US- CHINA Trade War. By- Mohit Singh.

The US-CHINA Trade War Which has Grown More Intense and is Predicted to Intensify Over a Period of Time, and Who is going to Finally Benefit From This. By Trade War what do we mean?: Trade war is a situation where country imposes tariffs which means imposing tax on goods that are imported making it more expensive thereby restricting trade and then there is a similar retaliatory move by the opponent country. Tariff also serves as a source of direct revenue for the government. How do Countries get into this Trade War: .To understand this just suppose that there are two countries, Country 1 and Country 2. Now Country 1 imposes high tariffs on imports from Country 2 which Country 2 finds unreasonable. Due to this Country 2 in retaliation imposes high tariffs on imports from Country 1, thus leading these two countries into Trade War. The reasons for Trade War to erupt are many but one primary reason is Trade War is one potential result of protectionism. Basically if a count...